LEDNLUX
ActiveSummary
LEDNLUX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.4m and a net result of €560,027. Equity is growing by ~9.5% per year across the filed fiscal years. Its solvency ranks better than 65% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+10
Solvency82▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 2.17 in 2024; short-term debt: 39.7% and cash: 17.2% of total assets), and 42.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.5%
Return on assets
13.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-09-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
27 d early
2023
7 d early
2022
3 d early
2021
4 d early
2020
32 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#9 company by equity in Genk, Construction sector
Equity
€2.4m▲ 15.0%
2024 · €2.0m
Total assets
€4.1m▲ 10.7%
2024 · €3.7m
Net result
€560,027▲ 165%
2024 · €211,202
Working capital
€2.1m▲ 15.3%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€377,346▼ 26.1%€336,297▼ 10.9%€498,416▲ 48.2%€321,724▼ 35.5%€842,302▲ 162%
Net result€278,095above the sector's middle half▼ 11.2%€211,043above the sector's middle half▼ 24.1%€308,203above the sector's middle half▲ 46.0%€211,202above the sector's middle half▼ 31.5%€560,027above the sector's middle half▲ 165%
Equity€1.7mabove the sector's middle half▲ 19.2%€1.9mabove the sector's middle half▲ 12.3%€2.0mabove the sector's middle half▲ 3.3%€2.0mabove the sector's middle half▲ 2.9%€2.4mabove the sector's middle half▲ 15.0%
Total assets€2.9mabove the sector's middle half▲ 7.7%€3.5mabove the sector's middle half▲ 20.5%€3.1mabove the sector's middle half▼ 11.6%€3.7mabove the sector's middle half▲ 18.5%€4.1mabove the sector's middle half▲ 10.7%
Debt€1.2m▼ 5.2%€1.6m▲ 32.0%€1.1m▼ 29.5%€1.7m▲ 46.0%€1.7m▲ 5.4%
Working capital€1.6m▲ 15.8%€1.7m▲ 8.3%€1.8m▲ 2.2%€1.8m▲ 4.4%€2.1m▲ 15.3%
Solvency58.5%within the sector's middle half▲ 5.7pp54.5%within the sector's middle half▼ 4.0pp63.7%above the sector's middle half▲ 9.2pp55.3%within the sector's middle half▼ 8.4pp57.5%within the sector's middle half▲ 2.1pp
Staff (FTE)15.2above the sector's middle half▲ 20.6%15.5above the sector's middle half▲ 2.0%13above the sector's middle half▼ 16.1%15.8above the sector's middle half▲ 21.5%15.4above the sector's middle half▼ 2.5%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 162% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.1m
Fixed assets
€357,795 ▲ 16.1%
Current assets
€3.7m ▲ 10.2%
Equity and liabilities €4.1m
Equity
€2.4m ▲ 15.0%
Debt
€1.7m ▲ 5.4%
Debt's share of the balance-sheet total falls from 44.7% to 42.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€939,401▲
2024 · €410,272
Cash flow
€657,125▲
2024 · €299,751
Current ratio
2.30▲
2024 · 2.17
Quick ratio
1.52▲
2024 · 1.34
Debt to equity
0.74▼
2024 · 0.81
ROE
23.8%▲
2024 · 10.3%
ROA
13.7%▲
2024 · 5.7%
Interest coverage
15.73▲
2024 · 15.65
Debt ≤ 1 year
€1.6m▲
2024 · €1.6m
Debt > 1 year
€113,920▲
2024 · €89,585
Income taxes
€259,499▲
2024 · €102,260
Staff costs
€915,130▲
2024 · €844,503
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,166 | €10,955 | €10,372 | €16,096 | ▲ 55.2% |
| Remuneration, social security and pensions62 | - | €760,228 | €679,843 | €844,503 | €915,130 | ▲ 8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,486 | €61,741 | €79,062 | €88,549 | €97,099 | ▲ 9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €21,287 | €10,475 | €9,527 | €9,532 | ▲ 0.1% |
| Non-recurring operating charges66A | - | - | - | €1,426 | €60 | ▼ 95.8% |
| Gross operating margin9900 | €1.1m | €1.2m | €1.3m | €1.3m | €1.9m | ▲ 47.3% |
| Operating profit (loss)9901 | €377,346 | €336,297 | €498,416 | €321,724 | €842,302 | ▲ 162% |
| Financial income75/76B | - | €7,200 | €17,523 | €17,950 | €36,952 | ▲ 106% |
| Recurring financial income75 | €57,670 | €7,200 | €17,523 | €17,950 | €36,952 | ▲ 106% |
| Financial charges65/66B | - | €45,294 | €60,316 | €26,211 | €59,729 | ▲ 128% |
| Recurring financial charges65 | €35,650 | €45,294 | €60,316 | €26,211 | €59,729 | ▲ 128% |
| Profit (loss) for the period before taxes9903 | €399,366 | €298,203 | €455,622 | €313,463 | €819,526 | ▲ 161% |
| Income taxes67/77 | €121,271 | €87,160 | €147,420 | €102,260 | €259,499 | ▲ 154% |
| Profit (loss) for the period9904 | €278,095 | €211,043 | €308,203 | €211,202 | €560,027 | ▲ 165% |
| Profit (loss) for the period to be appropriated9905 | €278,095 | €211,043 | €308,203 | €211,202 | €560,027 | ▲ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.5m | €3.1m | €3.7m | €4.1m | ▲ 10.7% |
| Fixed assets21/28 | €156,846 | €339,644 | €347,319 | €308,273 | €357,795 | ▲ 16.1% |
| Intangible fixed assets21 | €120,531 | €105,491 | €105,345 | €89,215 | €51,470 | ▼ 42.3% |
| Tangible fixed assets22/27 | €36,167 | €234,004 | €241,825 | €218,909 | €306,325 | ▲ 39.9% |
| Plant, machinery and equipment23 | - | €70,750 | €57,419 | €53,695 | €63,643 | ▲ 18.5% |
| Furniture and vehicles24 | - | €14,146 | €28,380 | €26,825 | €30,221 | ▲ 12.7% |
| Leasing and similar rights25 | - | €145,004 | €130,204 | €115,403 | €196,457 | ▲ 70.2% |
| Other tangible fixed assets26 | - | €4,104 | €25,822 | €22,986 | €16,004 | ▼ 30.4% |
| Financial fixed assets28 | €149 | €149 | €149 | €149 | €0 | ▼ 100% |
| Current assets29/58 | €2.8m | €3.2m | €2.8m | €3.4m | €3.7m | ▲ 10.2% |
| Stocks and contracts in progress3 | €1.1m | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 2.5% |
| Stocks30/36 | - | €1.3m | €1.3m | €1.3m | €1.3m | ▼ 2.5% |
| Amounts receivable within one year40/41 | €742,765 | €903,406 | €838,758 | €1.2m | €1.0m | ▼ 14.6% |
| Trade receivables40 | - | €636,895 | €568,533 | €856,074 | €634,472 | ▼ 25.9% |
| Other amounts receivable41 | - | €266,512 | €270,225 | €322,710 | €372,629 | ▲ 15.5% |
| Current investments50/53 | €58,112 | €128,612 | €240,544 | €350,936 | €718,683 | ▲ 105% |
| Cash at bank and in hand54/58 | €824,290 | €817,557 | €363,929 | €515,980 | €704,204 | ▲ 36.5% |
| Deferred charges and accrued income490/1 | - | €15,216 | €44,834 | €40,898 | €34,828 | ▼ 14.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.5m | €3.1m | €3.7m | €4.1m | ▲ 10.7% |
| Equity10/15 | €1.7m | €1.9m | €2.0m | €2.0m | €2.4m | ▲ 15.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1.2m | €1.5m | €1.5m | €1.6m | €2.3m | ▲ 49.1% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €0 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €0 | - | - |
| Distributable reserves133 | - | €1.5m | €1.5m | €1.6m | €2.3m | ▲ 49.1% |
| Profit (loss) carried forward14 | €463,798 | €464,841 | €466,043 | €466,246 | €0 | ▼ 100% |
| Amounts payable17/49 | €1.2m | €1.6m | €1.1m | €1.7m | €1.7m | ▲ 5.4% |
| Amounts payable after more than one year17 | €18,255 | €126,760 | €107,804 | €89,585 | €113,920 | ▲ 27.2% |
| Financial debts170/4 | - | €126,760 | €107,804 | €89,585 | €113,920 | ▲ 27.2% |
| Amounts payable within one year42/48 | €1.2m | €1.5m | €1.0m | €1.6m | €1.6m | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | - | €35,086 | €18,957 | €18,218 | €36,986 | ▲ 103% |
| Financial debts43 | - | €373,410 | €0 | €33,807 | €11,272 | ▼ 66.7% |
| Credit institutions430/8 | - | €373,410 | €0 | €33,807 | €11,272 | ▼ 66.7% |
| Trade debts44 | €545,650 | €865,348 | €748,596 | €1.2m | €1.0m | ▼ 13.3% |
| Suppliers440/4 | - | €865,348 | €748,596 | €1.2m | €1.0m | ▼ 13.3% |
| Taxes, remuneration and social security45 | - | €193,436 | €219,637 | €192,502 | €253,636 | ▲ 31.8% |
| Taxes450/3 | - | €75,196 | €97,573 | €56,982 | €107,418 | ▲ 88.5% |
| Remuneration and social security454/9 | - | €118,240 | €122,064 | €135,521 | €146,218 | ▲ 7.9% |
| Other amounts payable47/48 | - | €11,528 | €35,851 | €146,608 | €309,745 | ▲ 111% |
| Accrued charges and deferred income492/3 | - | €0 | €875 | €455 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €278,095 | €211,043 | €308,203 | €211,202 | €560,027 | ▲ 165% |
| + Depreciation and write-downs630 | €49,486 | €61,741 | €79,062 | €88,549 | €97,099 | ▲ 9.7% |
| Operating cash flow (approximation) | €327,582 | €272,784 | €387,265 | €299,751 | €657,125 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€244,539 | -€86,737 | -€49,503 | -€146,621 | ▼ 196% |
| Change in cash | - | -€6,733 | -€453,628 | €152,051 | €188,224 | ▲ 23.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Highest result since 2019net €560,027 ▲165%
Operating result €842,302, net result €560,027, both a record.
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €2mEq €2.0m ▲2.9%
6 profitable years in a row build equity to €2.0m.
2023
24-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Weakest financial yearnet €211,043 ▼24.1%
Net result drops to €211,043, the lowest in the series; recovery starts the following year.
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
04-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Genk · 1 establishment unit since 2012
Ground area
6,761 m²
Building footprint
2,374 m²
Volume, LiDAR
229 m³
Parcel 71308A0818/00A287, Flanders · tallest building 8.0 m. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Lednlux
since 20122.215.825.537
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71308A0818/00A287 | Flanders | 6,761 m² | 1 · 2,374 m² | 8.0 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 17,971 EUR awarded · 17,712 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 7,590 EUR | 7,590 EUR |
| 2024 | 1 | 1,305 EUR | 1,305 EUR |
| 2023 | 1 | 1,576 EUR | 3,462 EUR |
| 2022 | 1 | 7,500 EUR | 5,355 EUR |
Similar companies · same sector, comparable size
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ENTREPRISE E.R.A.
BE 0430.436.213
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DBS - BUYSE
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ELECTRO TAELMAN
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Kortrijk · Eq €2,364,611
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 2,501 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-10-2009
Fiscal year end31-03
Activities, NACEBEL 2025
43211General electrical installation work
46474Wholesale trade
Contact
Website
www.lednlux.beGenk
E-mail
info@lednlux.beGenk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0820044532
Registered
04-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.